The Williams Companies, Inc. (NYSE:WMB) Stock Holdings Raised by Ibex Wealth Advisors

Ibex Wealth Advisors increased its position in The Williams Companies, Inc. (NYSE:WMB) by 0.9% during the 1st quarter, Holdings Channel reports. The firm owned 340,287 shares of the pipeline company’s stock after acquiring an additional 2,954 shares during the quarter. Williams Companies comprises approximately 2.7% of Ibex Wealth Advisors’ investment portfolio, making the stock its 5th largest holding. Ibex Wealth Advisors’ holdings in Williams Companies were worth $20,336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Myriad Asset Management US LP bought a new stake in Williams Companies during the 4th quarter valued at $995,000. ING Groep NV boosted its position in Williams Companies by 266.6% during the 4th quarter. ING Groep NV now owns 155,694 shares of the pipeline company’s stock valued at $8,426,000 after acquiring an additional 113,227 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Williams Companies by 14.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 85,839 shares of the pipeline company’s stock valued at $5,130,000 after acquiring an additional 10,561 shares in the last quarter. Cerity Partners LLC boosted its position in Williams Companies by 4.3% during the 4th quarter. Cerity Partners LLC now owns 183,317 shares of the pipeline company’s stock valued at $9,224,000 after acquiring an additional 7,618 shares in the last quarter. Finally, NEOS Investment Management LLC boosted its position in Williams Companies by 31.4% during the 4th quarter. NEOS Investment Management LLC now owns 72,904 shares of the pipeline company’s stock valued at $3,946,000 after acquiring an additional 17,420 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Williams Companies from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Truist Financial raised their target price on Williams Companies from $56.00 to $60.00 and gave the stock a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and issued a $63.00 target price on shares of Williams Companies in a research note on Friday, May 16th. Scotiabank raised their target price on Williams Companies from $52.00 to $59.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 5th. Finally, Barclays raised their target price on Williams Companies from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.25.

Williams Companies Trading Down 1.5%

WMB stock opened at $59.65 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.45 and a debt-to-equity ratio of 1.67. The Williams Companies, Inc. has a 12-month low of $40.41 and a 12-month high of $61.67. The stock has a market cap of $72.73 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 5.01 and a beta of 0.65. The business’s 50-day moving average is $58.39 and its 200 day moving average is $57.32.

Williams Companies (NYSE:WMB) last posted its quarterly earnings data on Monday, May 5th. The pipeline company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. Williams Companies had a return on equity of 15.85% and a net margin of 21.17%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the firm posted $0.59 EPS. Williams Companies’s revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts anticipate that The Williams Companies, Inc. will post 2.08 EPS for the current fiscal year.

Williams Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, June 13th. Williams Companies’s payout ratio is 106.95%.

Insider Buying and Selling

In other news, SVP Larry C. Larsen sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $56.94, for a total transaction of $455,520.00. Following the transaction, the senior vice president now directly owns 81,265 shares in the company, valued at $4,627,229.10. The trade was a 8.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.44% of the stock is currently owned by insiders.

Williams Companies Company Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.